Most Manipulated Economic Statistic EVER

Ranting Andy

Friday, October 5th

Well, the final NFP report of the presidential campaign is out (the November 2^nd report is too late to matter), and voila!, the most manipulated economic statistic EVER produced by the U.S. government.

With an in-line report of 114,000 new jobs (only kept above 100,000 by a big drop in the birth/death assumption versus last year) and an unchanged labor participation rate (at the ALL-TIME LOW), the Obama Administration somehow reported a big drop in the unemployment rate to 7.8%.

PMs were, of course, attacked immediately thereafter – as they are on nine of ten NFP reports. However, they have recovered most of their losses; and if not for Cartel DLITG, or “Don’t Let it Turn Green” algorithms, silver would probably be up.

Above $1,800, gold has a MASSIVE “triple-top breakout”…